salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $140.53, for a total value of $1,405,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Marc Benioff also recently made the following trade(s):

  • On Monday, March 23rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $139.91, for a total value of $1,399,100.00.
  • On Wednesday, March 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00.
  • On Monday, March 16th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $131.93, for a total value of $1,319,300.00.
  • On Thursday, March 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $144.45, for a total value of $1,444,500.00.
  • On Friday, March 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $163.10, for a total value of $1,631,000.00.
  • On Monday, March 9th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $153.54, for a total value of $1,535,400.00.
  • On Wednesday, March 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $172.47, for a total value of $1,724,700.00.
  • On Monday, March 2nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $172.91, for a total value of $1,729,100.00.
  • On Friday, February 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $167.33, for a total value of $1,673,300.00.
  • On Wednesday, February 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $178.73, for a total value of $1,787,300.00.

Shares of salesforce.com stock opened at $147.06 on Thursday. The firm has a market capitalization of $125.77 billion, a PE ratio of 735.34, a price-to-earnings-growth ratio of 5.97 and a beta of 1.07. salesforce.com, inc. has a 12-month low of $115.29 and a 12-month high of $195.72. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $169.75 and its 200-day moving average is $163.37.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.75 billion. salesforce.com had a return on equity of 3.61% and a net margin of 0.74%. During the same period in the previous year, the firm earned $0.70 earnings per share. Analysts expect that salesforce.com, inc. will post 1.28 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in salesforce.com by 21.0% in the fourth quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock valued at $53,000 after purchasing an additional 57 shares in the last quarter. Blackhawk Capital Partners LLC. grew its stake in salesforce.com by 0.4% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 14,747 shares of the CRM provider’s stock valued at $2,189,000 after purchasing an additional 58 shares in the last quarter. Earnest Partners LLC grew its stake in salesforce.com by 17.0% in the fourth quarter. Earnest Partners LLC now owns 419 shares of the CRM provider’s stock valued at $68,000 after purchasing an additional 61 shares in the last quarter. Ballentine Partners LLC grew its stake in salesforce.com by 0.7% in the fourth quarter. Ballentine Partners LLC now owns 9,098 shares of the CRM provider’s stock valued at $1,480,000 after purchasing an additional 64 shares in the last quarter. Finally, Highland Private Wealth Management grew its stake in salesforce.com by 2.5% in the fourth quarter. Highland Private Wealth Management now owns 2,650 shares of the CRM provider’s stock valued at $431,000 after purchasing an additional 65 shares in the last quarter. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Raymond James boosted their price objective on salesforce.com from $200.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 26th. They noted that the move was a valuation call. Morgan Stanley dropped their price objective on salesforce.com from $225.00 to $195.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Investment Research raised salesforce.com from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Friday, March 20th. Cowen reissued a “buy” rating and issued a $220.00 price objective on shares of salesforce.com in a research note on Friday, March 20th. Finally, Robert W. Baird boosted their price objective on salesforce.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, forty have given a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $200.71.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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